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ibusinesslines.com September 21, 2017


Bank of America earnings: Expect flat trading, but boost in advisory fees

17 July 2017, 10:14 | Kelvin Horton

The Sheaff Brock Investment Advisors LLC Sells 41626 Shares of Bank of America Corporation (NYSE:BAC)

BAC image

The hedge fund run by Louis Navellier held 38,897 shares of the consumer services company at the end of 2016Q4, valued at $596,000, up from 17,474 at the end of the previous reported quarter. Pg now has $223.80 billion valuation. The fund owned 67,279 shares of the financial services provider's stock after buying an additional 22,557 shares during the period. It has underperformed by 27.65% the S&P500.

Moneta Group Investment Advisors Llc increased its stake in Bank Amer Corp Com (BAC) by 272.98% based on its latest 2016Q4 regulatory filing with the SEC. Arete Wealth Advisors Llc sold 34,162 shares as Bank Of America Corporation (BAC)'s stock declined 6.00%. Gradient Investments LLC increased its position in shares of Bank of America Corporation by 18.2% in the first quarter. The legal version of this story can be read at https://www.com-unik.info/2017/07/16/bedrijfstakpensioenfonds-voor-de-media-pno-continues-to-hold-stake-in-bank-of-america-corporation-nysebac.html. They expect $15.22 earnings per share, up 6.43% or $0.92 from last year's $14.3 per share. About 32.48 million shares traded. It has outperformed by 41.94% the S&P500. Its up 0.06, from 0.82 in 2016Q3. Aull & Monroe Invest Mngmt accumulated 77,612 shares. 122 funds opened positions while 614 raised stakes. Marshall Wace Limited Liability Partnership owns 0.47% invested in AutoZone, Inc. Marathon Trading Invest Lc stated it has 445,198 shares. Texas Permanent School Fund has 0.01% invested in Fabrinet (NYSE:FN). Shareholders of record on Friday, June 2nd were issued a dividend of $0.075 per share. Illinois-based State Farm Mutual Automobile Ins has invested 2.46% in Procter & Gamble Co (NYSE:PG).

3D Systems Corporation is a holding company. Eastern Bankshares holds 1.62% or 944,443 shares. Live Your Vision Lc stated it has 0.03% in Procter & Gamble Co (NYSE:PG). Millennium Ltd Liability Corporation reported 156,684 shares or 0.26% of all its holdings. Renaissance Ltd Limited Liability Company accumulated 39,150 shares.

BAC has been the topic of a number of other reports. 199,600 are owned by Intact Invest Mngmt Inc. The stock of Fabrinet (NYSE:FN) has "Outperform" rating given on Monday, August 31 by Northland Capital. They expect $1.16 EPS, down 4.92% or $0.06 from last year's $1.22 per share. NVS's profit will be $3.04 billion for 17.93 P/E if the $1.16 EPS becomes a reality. Boston Partners increased its position in shares of Bank of America Corporation by 0.5% in the first quarter.

Since February 1, 2017, it had 0 insider buys, and 4 insider sales for $11.29 million activity. Public Employees Retirement Association Of Colorado holds 5,670 shares. (NYSE:AZO) for 90,472 shares. Another trade for 17,500 shares valued at $361,025 was sold by MCALEA KEVIN. Bishop Steven D had sold 2,668 shares worth $233,011. Bank of America Corporation's dividend payout ratio (DPR) is 18.99%. Therefore 45% are positive. Trillium Therapeutics had 3 analyst reports since August 26, 2015 according to SRatingsIntel. On Tuesday, November 3 the stock rating was maintained by Northland Capital with "Outperform". The company was downgraded on Friday, August 7 by Vetr. The rating was upgraded by Bernstein to "Mkt Perform" on Tuesday, August 25. CENTRAL TRUST Co now owns 200,385 shares of the financial services provider's stock valued at $4,862,000 after buying an additional 2,332 shares during the last quarter. The stock of Bank of America Corp (NYSE:BAC) earned "Buy" rating by KBW on Tuesday, September 1. On Wednesday, January 11 the stock rating was maintained by Citigroup with "Buy". The rating was downgraded by Berenberg to "Hold" on Monday, April 24. Credit Suisse downgraded the shares of PG in report on Thursday, July 30 to "Outperform" rating. Vining Sparks raised shares of Bank of America Corporation to a "strong-buy" rating and set a $28.00 price target for the company in a report on Wednesday, April 19th. The company was maintained on Wednesday, January 27 by UBS.


Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.09, from 1.01 in 2016Q3.

A number of other large investors also recently bought and sold shares of the stock. Moreover, Wedge L LP Nc has 0.4% invested in Bank of America Corp (NYSE:BAC). Putnam Fl Investment owns 12,629 shares or 0.03% of their USA portfolio. Argent invested in 0.46% or 46,707 shares. Bank of America Corp (NYSE:BAC) has risen 58.64% since July 17, 2016 and is uptrending. Sprott reported 87,054 shares. Bank of America Corporation has a 52-week low of $12.45 and a 52-week high of $25.80.

Bank Of The Ozarks holds 1.67% of its portfolio in Deltic Timber Corp for 66,451 shares.

Whale Rock Capital Management Llc, which manages about $1.16 billion and $1.24 billion US Long portfolio, upped its stake in Yelp Inc (NYSE:YELP) by 52,262 shares to 325,222 shares, valued at $12.40 million in 2016Q4, according to the filing. Carroll Financial Associate Incorporated holds 136,944 shares or 0.43% of its portfolio. Pointstate Cap Lp has invested 2.22% of its portfolio in Bank of America Corp (NYSE:BAC). Rampart Investment Lc owns 44,771 shares or 0.36% of their U.S. portfolio. State Of Tennessee Treasury Department holds 0.9% or 7.69M shares.

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